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. he will say they forced me to extend the tax cuts and now they are coming to me. and boehner offers $800 billion and they brush it aside to say we need $1.6 trillion and we need the rates to go up. go back and do your paper again, mr. boehner. i think again you are getting arrogance and huborous on the part of the president, who has a hand in this, and i think if he goes off that's a bridge too far for him. if he goes off to hawaii and spends three weeks there, and no deal happens and the fiscal cliff hits and we've got the largest tax increase in history and the markets plummet and he's sitting over there splashing in the surf, i don't think he can do it. >> i wonder what other nations think about us? this is, you know, is it a terrible problem we are going through right now, but we look like we can't handle our own business. we can't talk to each other, we can't figure out our own economics, and i can't think what kind of morale authority do we have in the world when we look so pathetic, so pathetic in terms of how we handle things and the fact that we don't? >> the problem with t
the tax rates on the rich. speaker boehner's proposal, as i understand it, that went over to the white house the other day which they've pretty much called ridiculous offered the 800 billion in revenue, getting it from the same people. the rich people, but rather increasing the tax rates, what they were going to do is close some loopholes and deductions that apply only to the rich people, so that the rich were in effect paying $800 billion, increasing their actual tax, just not the tax rate. the president said no and came back and moved the goal posts and wants 1.6 trillion. >> it's like lucy pulling away the football from charlie brown. the president is now asking for twice the amount of increase in taxes that he campaigned on. really, the proposal that tim geithner brought to capitol hill is one that i believe the democrats one-point even support if put to a voight. the increase in taxes in over $200,000 of income, the incredible increase in change to the death tax, wanting to have a new credit card with no credit limit to the president so he can additionally just borrow and spend an
immediately slammed the offer and said it won't even consider it. tonight, speaker boehner's response to the white house response, saying it's up to the president to come up with a plan. allen west is here. good evening. >> good evening. >> your thoughts, apparently the white house is unimpressed with the proposal by the speakert and white house republicans? >> i think the white house needs to do case studies, calvin coolidge and president john f. kennedy, when you look at what they did with lowering tax rates and increase revenues. calvin coolidge went from 73% to 24%. john f. kennedy from 91% to 71%. they increased revenues. we are not talking about what the president is looking at with his wealth redistribution, we are talking about wealth expansion, economic growth and sound policies to do that. if you want to continue to believe that $250,000 makes someone rich, you are going to crush the small business owners who run at subchapter "s," llcs and we are talking about capital gains from 15 to 25%. that will affect investment. we are talking about dividends from 15 to thirty four 33
immediately slammed the offer and said it won't even consider it, and tonight speaker boehner responds to the white house response saying it's now up to the president to come up with a plan. congressman allen west joins us. good evening. >> how are you doing? >> greta: very well. the white house is unimpressed by the proposal from the speaker and the white house republicans. >> the white house needs to go back and do case studies whe. you look at presidents cool imagidgeand kennedy, they went % down to 24%. kennedy went from 91% down to 71% and they increased revenue. what we're talking about is not what the president of the united states is looking at with wealth redistribution. we're talking about wealth expansion and economic growth and sound economic policies to do that. if you want to continue to believe that 250,000 dollars makes someone rich, you're going to crush these small businesses owners that operate a subchapter s llc using their own personal income bracket. it will affect investment. we're talking about dividends taxes going from 15% to 43.4%. we're talking about the dea
'm using them for the rest of the show. thank you, greg. >>> boehner ripped into president obama, speaker boehner calling the white house fiscal plan a joke. senator ron johnson is on the budget committee. he joins us. good evening, sir. >> greta, how you doing? >> greta: very well, and calling the plan a joke, i guess he is not going to beat around the bush for us. >> unfortunately, greta, president obama pretty well holds all the cards in this negotiation. if he wants to have tax increases or tax rates go up, i don't see how republicans can stop him, you know, because everybody's taxes are going to increase if congress does nothing, and president obama is the only person that can sign a bill into law and quite honestly, senator harry reid is the only person in the senate that can pass a bill in the senate as well. it sounds like people like howard dean want everybody's taxes to go up. maybe we should feel fortunate that president obama only wants the top two% to g two percent t. >> greta: do you anticipate republicans will vote for a rate increase if this should come to a vote? >> i don
Search Results 0 to 9 of about 10 (some duplicates have been removed)